SEC Form 4 · accession 0001209191-15-077309
Blackstone Inc. · BX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bennett J Goodman
Director
Period of report
Oct 27, 2015
Accepted (ET)
Oct 29, 2015 · 5:37 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001393818
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common units representing limited partner interestsF1,F2 | Oct 27, 2015 | C | 125,000 | $0.00 | A | 655,319 | I | See footnote |
| Common units representing limited partner interestsF2 | Oct 27, 2015 | G | 125,000 | $0.00 | D | 530,319 | I | See footnote |
| Common units representing limited partner interests | holding | — | — | — | 733,493 | D | ||
| Common units representing limited partner interestsF4 | holding | — | — | — | 421,271 | I | See footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Blackstone Holdings partnership unitsF5,F2 | — | Oct 27, 2015 | C | 125,000 | D | — | — | Common units representing limited partner interests | 125,000 | 1,538,008 | I |
| Blackstone Holdings partnership unitsF5,F6 | — | holding | — | — | — | — | — | Common units representing limited partner interests | 5,706,946 | 5,706,946 | D |
| Blackstone Holdings partnership unitsF5,F4 | — | holding | — | — | — | — | — | Common units representing limited partner interests | 199,542 | 199,542 | I |
Explanation of responses
- F1Pursuant to an exchange agreement, the Reporting Person exchanged 125,000 Blackstone Holdings partnership units for an equal number of common units of The Blackstone Group L.P.
- F2These units are held by two limited liability companies, of which the Reporting Person is a manager.
- F3The Reporting Person donated 125,000 Blackstone common units to a charitable organization.
- F4These units are held by a limited liability company, of which the Reporting Person's spouse is the manager.
- F5A "Blackstone Holdings partnership" unit collectively refers to one limited partner interest in each of Blackstone Holdings I L.P., Blackstone Holdings II L.P., Blackstone Holdings III L.P., and Blackstone Holdings IV L.P. Subject to the minimum retained ownership requirements and transfer restrictions set forth in the partnership agreements of the Blackstone partnerships, the holder has the rights, exercisable from time to time, to exchange each Blackstone Holdings partnership unit for one common unit of The Blackstone Group L.P. The Blackstone Holdings partnership units have no expiration date and may not be exchanged at any time prior to December 31, 2015 other than pursuant to transactions or programs approved by Blackstone.
- F6Includes 79,887 Blackstone Holdings partnership units issued on October 1, 2015 as an anti-dilution adjustment in connection with the spin-off of PJT Partners Inc. by The Blackstone Group L.P.
Remarks
The Reporting Person disclaims beneficial ownership of the securities reported on this form except to the extent of his pecuniary interest.